General News
EU, UNODC Donate 50 Computers, Servers to NAPTIP

The EU Delegation in Nigeria has presented 50 desktop computers to the National Agency for the Prohibition of Trafficking in Persons (NAPTIP) to enhance its operations.
Alam Munday, deputy head of EU delegation in Nigeria, handed over the equipment with six servers and network printers to the agency in Abuja on Tuesday.
NAPTIP received the donation under the EU funded project on Promoting Better Management of Migration in Nigeria.
The project is jointly implemented by the UN Office on Drugs and Crime (UNODC) and the International Organisation on Migration under the 10th European Development Fund (EDF) (2008-2013).
Munday said it was executed under the 10th EDF migration project in Nigeria, for which EU had committed five million euros for four years.
He said, “NAPTIP is EU key Nigerian agency partner when it comes to turning words into action to fight trafficking of human beings and smuggling of migrants as well as to protect the victims.
“To turn words into action, we need people with the very best information, data and access to use of the latest technologies available,’’ he said.
Munday thanked UNODC for supporting the project that would enable the agency’s headquarters in Abuja to obtain, manage and share data with five of its zonal offices.
He said with the new IT equipment NAPTIP staff in Abuja, Lagos, Enugu, Benin, Sokoto and Uyo could share data on trafficking in persons with other law enforcement agencies.
The UNODC Representative in Nigeria, Ms Mariam Sissoko, said the handover of the equipment marked “a major milestone’’ in the project to support the expansion of NAPTIP’s IT capacity and data management.
Sissoko said the handover served as evidence of NAPTIP’s willingness to fully assume responsibility in managing its IT services and equipment.
She recalled that under the project, a toll free call facility and internet access service had been upgraded and transferred to NAPTIP.
She said that a software, SIDDA.NET, which enables the agency to have access to information of both victims and suspects of trafficking had been fully upgraded.
Sissoko said UNODC and its partners had also provided training for NAPTIP staff on the use of the latest version of SIDDA.NET
Mrs Beatrice Jedy-Agba, NAPTIP executive secretary, who was represented by the Agency’s Director of Legal and Prosecution appealed to the EU to consider the agency’s request for more support in the 11th EDF.
She thanked the EU and UNODC for donating the equipment, saying “it will further strengthen the agency in the fight against human trafficking.
“We will continue to count on your support as we reassure you of this administration’s continued commitment in promoting better management of migration in Nigeria,’’ she said.
Jedy-Agba reassured international donors and partners of NAPTIP’s commitment to reduce irregular migration in Nigeria that usually occurred through trafficking in persons and smuggling of migrants.
General News
NITDA Inaugurates Start-up Consultative Forum

Nigeria has taken a bold step toward deepening its innovation ecosystem with the official launch of the Start-up Consultative Forum, an initiative designed to accelerate the implementation of the Nigeria Start-up Act (NSA) and strengthen the country’s tech startup ecosystem.
While addressing the forum, NITDA’s Director General, Kashifu Inuwa CCIE, who was represented by Barrister Emmanuel Edet, the Ag. Director, Regulation and Compliance described the platform as more than just a stakeholder meeting.
“It is a commitment to building a stronger tech ecosystem through collaboration, inclusion, and data-driven governance, marking a new phase in the implementation of the Nigeria Startup Act,” he said.
He noted that the Nigeria Startup Act is more than legislation—it is a framework for national development. “Startups are not fringe players. They are central to Nigeria’s economic future,” he asserted.
Inuwa further mentioned that over the past eight months, NITDA has driven key activities under the Act. These include stakeholder workshops across 10 states, roadshows at tech events like Lagos Tech Week, the Omniverse Summit, Moonlight Conference and the Akwa Ibom Tech Week, and awareness campaigns through digital and direct engagement.
The forum, according to Inuwa, will serve as a feedback engine, spotlighting regulatory gaps, guiding policy improvements, and shaping a startup-friendly environment.
Under the Renewed Hope Agenda and the guidance of the Federal Ministry of Communications, Innovation and Digital Economy, NITDA continues to support startups through initiatives like the Startup Portal, tech infrastructure deployment, and digital skill training across the country.
The DG emphasised that for startups to thrive, policies must be inclusive and responsive. “Inclusion is not charity. It is a strategy,” he said, calling for equal representation across gender, region, and sector.
While inaugurating the members if the Conservative Forum on behalf of the Director-General, the Director of IT Infrastructure Solutions, Oladejo Olawunmi, ignited the forum with a call to action, envisioning it as a vital nexus for collaborative breakthroughs.
He inspired the members, saying, “We remain deeply committed to nurturing a space where innovation can flourish, and I call upon each of us to embrace the task ahead by shaping ideas into concrete policy and outcomes that leave a lasting impact.”
Earlier, Victoria Fabunmi, National Coordinator of the Office for Nigerian Digital Innovation (ONDI), in her opening address called the Forum, a “structured dialogue between those building the future and those enabling it.”
She outlined five key pillars for success: access to funding, capacity building, supportive policy, inclusive innovation, and global competitiveness.
She urged startups to speak boldly, private sector players to offer more than capital, development partners to scale what works, and government to harmonize efforts. “This Forum must be a problem-solving platform, not another talk shop,” she concluded.
With the Startup Consultative Forum now launched, NITDA aims to turn policy into action, ensuring startups are no longer on the sidelines, but at the center of Nigeria’s innovation journey.
The virtual event was attended by private sector players, development agencies, verified Ecosystem Support Organisations (ESOs), angel investors, venture capital firms, and labelled startups from across the country.
General News
NFIU Alerts Nigerians of Rising Ponzi Schemes, Unregulated Crowdfunding Scams

The Nigerian Financial Intelligence Unit (NFIU) issued a detailed advisory on yesterday, warning Nigerians about the growing threat of Ponzi schemes and unregulated crowdfunding scams, particularly in digital assets, agriculture, and real estate.
These sophisticated scams, often disguised under appealing brand names, promise unrealistically high returns, exploiting vulnerable citizens facing economic hardship between 2022 and 2025.
Digital asset scams, like Crypto Bridge Exchange (CBEX) and Chinmark Group, leverage cryptocurrencies’ anonymity and limited regulation. CBEX, promising 100% returns in 30 days, collapsed with over ₦1.3 trillion in losses, using blockchain to obscure funds.
Chinmark, posing as a conglomerate, defrauded investors of over ₦10 billion via social media and religious endorsements. “We are committed to saving Nigerians from the troubles associated with Ponzi schemes,” the NFIU stated, pledging to pursue major actors.
Agricultural Ponzi schemes, such as Farmforte Ltd and Green Eagles Agribusiness, promise unsustainable farming returns, with one Lagos operator collapsing after processing ₦400 million with 16% monthly return pledges. Red flags include guaranteed high returns, unlicensed operations, and reliance on referrals.
The Investment and Securities Act (ISA) 2025 imposes fines of ₦20 million and up to 10 years’ imprisonment for promoting Ponzi schemes, empowering the Securities and Exchange Commission (SEC) to regulate digital assets. The NFIU urged licensing for Virtual Asset Service Providers, advanced fraud detection, and stronger KYC/AML compliance by financial institutions.
It advised the public to verify platforms with the SEC, question return mechanisms, and report suspicious schemes promptly.
General News
EFCC Declares Foreigner Wanted for Alleged CBEX Cryptocurrency Scam

Economic and Financial Crimes Commission has declared one foreign national, Elie Bitar wanted for his alleged involvement in a cryptocurrency fraud linked to the online trading platform, Crypto Bridge Exchange.
According to an official bulletin issued by the Commission, Bitar, 41, is wanted for a suspected fraudulent scheme carried out via CBEX, which has reportedly defrauded multiple unsuspecting investors across Nigeria.
“The public is hereby notified that ELIE BITAR, whose photograph appears above, is wanted by the Economic and Financial Crimes Commission (EFCC) for fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange (CBEX),” the EFCC stated.
The Commission disclosed that Bitar’s last known address is at Eng. George Enemoh Crescent, Lekki Phase 1, Lekki, Lagos State.
The EFCC has urged anyone with useful information regarding Bitar’s whereabouts to contact any of its zonal offices in Ibadan, Uyo, Sokoto, Maiduguri, Benin, Makurdi, Kaduna, Ilorin, Enugu, Kano, Lagos, Gombe, Port Harcourt, or Abuja.
The public can also reach the commission via the phone number 08093322644 or email at info@efcc.gov.ng.
CBEX emerged in the wake of Nigeria’s growing appetite for cryptocurrency investments.
It promised users quick and high returns through crypto trading and investments but soon drew suspicion over its lack of regulatory compliance and transparency.
The EFCC’s investigation into CBEX has reportedly uncovered a trail of transactions linked to Bitar and individuals, some of whom have been arrested.
Head of Media and Publicity at the EFCC, Dele Oyewale, signed the wanted notice, reaffirming the agency’s commitment to tracking down individuals exploiting Nigerians through financial fraud schemes.
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